INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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N66M FRAUD: AGAIN,COURT CONVICTS WAKIL,MAMA BOKO HARAM,TWO OTHERS.(PHOTO).#PRESS RELEASE

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N66m Fraud: Again, Court Convicts Wakil, Mama Boko Haram, Two Others

The Maiduguri Zonal Command of the EFCC, has secured the conviction and sentencing of Aisha Alkali Wakil, a.k.a Mama Boko Haram, alongside Tahiru Saidu Daura and Prince Lawal Shoyede on a three count charge of conspiracy and stealing to the tune of N66m.

 The defendants as promoter and managers of a Non-governmental organization, Complete Care and Aids Foundation on September 7, 2018 induced one Ali Tijjani, and his company, AMTMAT Global Ventures to supply N51million worth of processed maize grain also known as “biski” for which they refused to pay. AMTMAT Global Ventures further processed and funded the trip of the trio to Morocco to the tune of N15 Million, a cost they refused to defray.

Count two of the charge reads: “That you, Tahiru Saidu Daura, while being a programme manager of Complete Care and Aid Foundation, and Aisha Wakil, being the CEO of Complete Care and Aid Foundation on the 7th September, 2018, in Maiduguri within the jurisdiction of this Honourable Court, dishonestly induced Ali Tijjani, the CEO and alter ego of AMTMAT Global Ventures to deliver to you, processed maize grains (biski), valued at N51,000,000.00 (Fifty-one Million Naira) which you are yet to pay and thereby committed an offence contrary to Section 320(a) and punishable under Section 322 of the Penal Code Cap 102 Laws of Borno State.” 

The defendants had pleaded “not guilty” to all the charges, leading to their full trail. In the course of trial the prosecution counsel, Mukhtar Ali Ahmed, presented five witnesses and tendered several exhibits before closing the prosecution's case on September 1, 2020.

Delivering judgment today, Justice Kumaliya said the prosecution proved the charge against the defendants and pronounced them guilty as charged. The Judge sentenced Wakil, Daura and Shoyede to seven years imprisonment for the offence of conspiracy without option of fine and seven years on the count of cheating also without option of fine.

On the second count of cheating the court sentenced the convicts to seven years imprisonment each without an option of fine.

In addition, the court ordered the defendants to pay the sum of N51m to Ali Tijjani or in default serve fifteen years imprisonment.

In addition , the first, second and third defendants are to each pay the sum of N3, 750,000.00 (Three Million Seven Hundred and Fifty Thousand Naira) to Ali Tijjani or in default serve five years imprisonment each.

The sentence is to start running at the expiration of any sentence that this court or any other court had awarded the convicted persons before this judgment.

 

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